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Cenovus Energy

Buy Cenovus Energy stocks

CENOVUS ENERGY (CVE) Stocks

ABOUT CENOVUS ENERGY

Cenovus Energy Inc. is an integrated oil company that has its headquarters in Calgary, Alberta.

The company activities cover the production of natural gas, crude oil, and natural gas liquids reserves. Together with its subsidiaries, it develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States.

It has established natural gas and crude oil production in Alberta and Saskatchewan as well as refineries in Illinois and Texas.

The company was formed in 2009 when Encana Corporation split into two distinct companies, with Cenovus becoming a focused integrated oil company. Some of its assets formerly belonged to PanCanadian Energy Corp. and Alberta Energy Company (AEC) that merged to form Encana in 2002.

OVERVIEW OF CENOVUS ENERGY

  • Cenovus Energy Inc. has about 2 260 full time employees and operates in different segments.

  • The company’s Oil Sands segment develops and produces bitumen in northeast Alberta and holds the Athabasca natural gas assets. The company’s Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products.

  • This segment owns a 50% interest ownership in two major refineries in the United States. It also owns and operates a crude-by-rail terminal in Alberta and markets third-party purchases and sales of its products.

VISION AND VALUES OF CENOVUS ENERGY

  • Cenovus Energy Inc. describes its vision as being the energy company of choice for investors, staff and stakeholders.

  • Their declared mission is to maximise the value of the company by responsibly developing oil and natural gas assets in a safe, innovative and efficient way.

  • The company’s declared values are summarised as: Safety before all else; Integrity – to be transparent, honest and treat everyone with respect; Performance: to work as one team to make smart decisions that deliver results; and Accountability – to do what they say they will do.

  • Cenovus Energy Inc. adheres to its stated value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF CENOVUS ENERGY

  • Cenovus Energy Inc.’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol CVE listed in the Energy, Oil and Gas Producing sector.

  • Highlights of the company’s recent performance in 2019 as per reports include a free funds flow of US Dollar 622 million, adjusted funds flow of US Dollar 916 million; cash from operating activities of US Dollar 834 million, and net earnings from continuing operations of US Dollar 187 million.

  • Due to Cenovus Energy Inc.’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy CENOVUS ENERGY stocks / shares – A Step by Step Guide how to Buy / Purchase CENOVUS ENERGY Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CENOVUS ENERGY Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CENOVUS ENERGY STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CENOVUS ENERGY STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CENOVUS ENERGY stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CENOVUS ENERGY stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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